2022-12-31 | Resolução BCB 278

Added 2026-09-27

BCB Resolution No. 278 Regulates Law No. 14,286 of December 29, 2021 Regarding Foreign Capital in the Country, External Credit Operations, and Foreign Direct Investment

BCB Resolution No. 278 regulates foreign capital flows and stocks in Brazil concerning external credit and foreign direct investment (FDI), establishing reporting requirements via the SCE-Crédito and SCE-IED systems. It defines key terms such as external credit, FDI, and sustainable bonds, and mandates that all operations maintain economic fundamentation and compatibility with international market conditions. The resolution sets specific rules for loan transfers, export advance receipts, and financial leasing, while requiring documentation retention for ten years and limiting financial transfers to amounts necessary for debt servicing.

Brazil

Banco Central do Brasil

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BCB Resolution No. 278

BCB RESOLUTION NO. 278, OF DECEMBER 31, 2022

Regulates Law No. 14,286, of December 29, 2021, regarding foreign capital in the Country, in external credit operations and foreign direct investment, as well as the provision of information to the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in an extraordinary session held on December 30 and 31, 2022, based on arts. 1, 5, items VIII and IX and § 4, 8, 9, 10, 11 and 18 of Law No. 14,286, of December 29, 2021,

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Lineage: Amended

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Timeline

Amended 3 times · last 2026-06-18

• 2026-06-18BCBBCB Resolution No. 575 of June 18, 2026: Amends Resolutions BCB No. 277 and 278 to Regulate Foreign Currency Deposit Accounts for Exporters, External Debtors, and Foreign Investorsamends
• 2024-09-11BCBBCB Resolution No. 410 — Amending BCB Resolution No. 278 of December 31, 2022, Regarding Foreign Capital, External Credit Operations, and Foreign Direct Investmentamends
• 2023-10-17BCBBCB Resolution No. 348 — Amends Resolution BCB No. 278, Resolution BCB No. 281, and Circular No. 3.689 regarding foreign capital, external credit, and foreign direct investmentamends

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works